What problem does this service solve?

Algorand's goal is to create a blockchain with faster transaction times and a more inclusive staking mechanism to achieve consensus.

NEAR's goal is to serve as an open source platform that will accelerate the development of decentralized applications

VITE's goal is to make it easier for developers to issue tokens and create DApps.

Token Stats

Company Description

Algorand is a Boston based company that is developing a blockchain network with a Pure Proof of Stake (PPoS) consensus mechanism. Algorand's decentralized platform is designed to enable faster transaction times and remove some of the technical barriers of creating scalable DApps. Algorand was founded by Silvio Micali, a pioneer in the field of cryptography.

NEAR Protocol is a decentralized application platform designed to make DApps operable on the web. The NEAR network uses a Proof of Stake consensus mechanism called Nightshade. The NEAR utility token is used for processing transactions and storing data, as well as for facilitating voting for governance issues.
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VITE is building a DApp development platform that will allow developers to issue their own tokens that can then be traded on their built-in decentralized exchange. The VITE network is currently powered by the Ethereum-based VITE token.

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Algorand vs NEAR Protocol vs VITE

Algorand

NEAR Protocol

VITE